June 30, 2026 – Boston Capital Finance is pleased to announce the closing of another construction to permanent tax-exempt multifamily housing bond.  

Roers Companies is developing Pine Lane Apartments, a to-be-built, 126-unit affordable multifamily housing community located in Asheville, North Carolina.  Pine Lane Apartments will consist of four, four-story split-level residential buildings and will offer a mix of one, two, three, and four-bedroom apartments homes. The development will also provide 184 on-site parking spaces. All residences will be reserved for households earning up to 60% of the Area Median Income. 

Community amenities will include a clubhouse featuring leasing offices, a community room with kitchen, a business center and workrooms, a mail room, a fitness center, a laundry room, and a multipurpose game room.  Residents will also enjoy a covered picnic area, outdoor seating spaces, and professional on-site management. 

“Along with our partners, we are excited to bring this high-quality affordable housing multifamily project to the City of Asheville, North Carolina,” said Kevin Sturgeon, Development Partner for Roers Companies. 

“We are again thrilled to be working with the Roers Companies and financing this new multifamily housing development.  The need for affordable housing in Asheville, North Carolina is great and Pine Lane Apartments is perfectly planned to help with affordable and attainable housing in the area,” said Sean Curry, Partner and Director of Originations and Investments.  

Bill Fazzano, Partner and Director of Underwriting and Asset Management added, “This multifamily development is a great addition to our ever-growing Southeastern U.S. multifamily bond and loan portfolio.”

Boston Capital Finance

Boston Capital Finance is a Boston, Massachusetts based boutique affordable housing lender with offices in Charleston, South Carolina and Phoenix, Arizona.  Founded in 1994, the firm provides construction-to-permanent financing on properties that have or will obtain low-income housing tax credits.  The firm is owned and managed by Jack Manning, Kevin Costello, Bill Fazzano and Sean Curry and has closed over $4.8 billion of affordable bonds and loans. 

Have an affordable tax-exempt bond or taxable permanent loan that needs to be financed? Please call:

Sean Curry, Originations and Investments, 781-526-4319 scurry@bostoncapital.com

Walter Williams, Originations, 617-694-5182 wwilliams@bostoncapital.com

Bill Fazzano, Underwriting and Asset Management 617-331-4098, bfazzano@bostoncapital.com